Property Overview: 576 Kimberly Avenue, Winnipeg

Key Characteristics & Appeal

This 986 sqft bungalow, built in 1955, sits on a generous 5,575 sqft lot in Munroe West. Its core appeal lies in offering solid value and space within a well-established neighbourhood. The home's assessed value of $320k positions it notably above the area average, suggesting it may have features or updates that are well-regarded relative to its local peers. While the living space is modest by broader city standards, the lot size is comfortably above average for Munroe West, presenting a valuable balance of indoor and outdoor space.

This property would suit a first-time buyer or downsizer looking for a manageable footprint without sacrificing yard space. It also appeals to the value-conscious buyer who prioritizes a strong position within a specific neighbourhood over having the largest house on the citywide block. A less obvious perspective is that a home from this era, while requiring due diligence on maintenance, often comes with a character and build quality that resonates with buyers seeking something beyond a generic modern build. Its "above average" standing in the area for value, age, and lot size indicates a home that has likely been maintained competitively within its immediate context.

Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home's $320k assessment is above the Munroe West average ($273.5k) and slightly above the immediate street average ($303k), indicating it is considered a higher-value property within its local area.

2. Is the living space smaller than typical?
At 986 sqft, the living area is slightly below the average for the street but is actually above the average for the Munroe West area. It is, however, notably smaller than the citywide average for comparable homes.

3. What should I consider about a home built in 1955?
While the home is well-situated for its age compared to neighbours, a build date of 1955 means crucial systems like wiring, plumbing, and the roof may be due for inspection, updates, or replacement. This era of home often features durable construction but may lack modern open-concept layouts.

4. How recent is the sold price data, and how can I get the exact figure?
The last recorded sale was in May 2021, with a price range of CA$250k–300k. Due to data display rules, exact sold prices are provided upon request via email from the site, which they state they will manually look up and send without using your information for marketing.

5. What does the lot size offer?
The 5,575 sqft lot is a key feature, ranking above average for Munroe West. This provides ample outdoor space for gardening, recreation, or potential expansion, which is a significant advantage over properties with smaller, more urban lots.